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Templeton Emerging Markets Investment Trust

DB:1NK
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1NK
DB
£2B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Templeton Emerging Markets Investment Trust plc is a closed-ended equity mutual fund launched and managed by Franklin Templeton International Services S.a.r l. The last earnings update was 131 days ago. More info.


Add to Portfolio Compare Print
  • Templeton Emerging Markets Investment Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Templeton Emerging Markets Investment Trust has significant price volatility in the past 3 months.
1NK Share Price and Events
7 Day Returns
-0.8%
DB:1NK
-3.5%
DE Capital Markets
-3%
DE Market
1 Year Returns
-18.7%
DB:1NK
-11.3%
DE Capital Markets
-20.6%
DE Market
1NK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Templeton Emerging Markets Investment Trust (1NK) -0.8% -19.8% -27.1% -18.7% - -
DE Capital Markets -3.5% -21.2% -17.8% -11.3% -27.2% -56.6%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • 1NK underperformed the Capital Markets industry which returned -11.3% over the past year.
  • 1NK outperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
1NK
Industry
5yr Volatility vs Market

1NK Value

 Is Templeton Emerging Markets Investment Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Templeton Emerging Markets Investment Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Templeton Emerging Markets Investment Trust.

DB:1NK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £8.41 * 11.6%
£0.97
Book Value of Equity per Share Median Book Value from the past 5 years. £8.41
Discount Rate (Cost of Equity) See below 4.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1NK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 26.01%) (7.47%))
0.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.857 * 5.44%)
4.27%

Discounted Cash Flow Calculation for DB:1NK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Templeton Emerging Markets Investment Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:1NK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.6% – 4.27%) * £8.41)
£0.61
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.61 / (4.27% - -0.39%)
£13.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £8.41 + £13.16
£21.56
DB:1NK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1NK represents 1.12056x of LSE:TEM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.12056x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 21.56 x 1.12056
€24.16
Value per share (EUR) From above. €24.16
Current discount Discount to share price of €7.25
= -1 x (€7.25 - €24.16) / €24.16
70%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Templeton Emerging Markets Investment Trust is available for.
Intrinsic value
>50%
Share price is €7.25 vs Future cash flow value of €24.16
Current Discount Checks
For Templeton Emerging Markets Investment Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Templeton Emerging Markets Investment Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Templeton Emerging Markets Investment Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Templeton Emerging Markets Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Templeton Emerging Markets Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1NK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.74
LSE:TEM Share Price ** LSE (2020-04-03) in GBP £6.47
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Templeton Emerging Markets Investment Trust.

DB:1NK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:TEM Share Price ÷ EPS (both in GBP)

= 6.47 ÷ 0.74

8.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Templeton Emerging Markets Investment Trust is good value based on earnings compared to the DE Capital Markets industry average.
  • Templeton Emerging Markets Investment Trust is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Templeton Emerging Markets Investment Trust's expected growth come at a high price?
Raw Data
DB:1NK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Templeton Emerging Markets Investment Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Templeton Emerging Markets Investment Trust's assets?
Raw Data
DB:1NK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £8.84
LSE:TEM Share Price * LSE (2020-04-03) in GBP £6.47
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.66x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:1NK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:TEM Share Price ÷ Book Value per Share (both in GBP)

= 6.47 ÷ 8.84

0.73x

* Primary Listing of Templeton Emerging Markets Investment Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Templeton Emerging Markets Investment Trust is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Templeton Emerging Markets Investment Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Templeton Emerging Markets Investment Trust has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1NK Future Performance

 How is Templeton Emerging Markets Investment Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Templeton Emerging Markets Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
37.7%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Templeton Emerging Markets Investment Trust expected to grow at an attractive rate?
  • Unable to compare Templeton Emerging Markets Investment Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Templeton Emerging Markets Investment Trust's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Templeton Emerging Markets Investment Trust's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:1NK Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 37.7%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1NK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1NK Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 216 40 185
2019-06-30 136 37 102
2019-03-31 56 33 18
2018-12-31 31 32 -7
2018-09-30 7 31 -31
2018-06-30 140 27 109
2018-03-31 274 24 248
2017-12-31 400 25 373
2017-09-30 525 27 498
2017-06-30 627 22 599
2017-03-31 728 18 699
2016-12-31 696 19 670

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Templeton Emerging Markets Investment Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Templeton Emerging Markets Investment Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1NK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Templeton Emerging Markets Investment Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1NK Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.74
2019-06-30 0.40
2019-03-31 0.07
2018-12-31 -0.03
2018-09-30 -0.11
2018-06-30 0.40
2018-03-31 0.89
2017-12-31 1.33
2017-09-30 1.77
2017-06-30 2.10
2017-03-31 2.42
2016-12-31 2.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Templeton Emerging Markets Investment Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Templeton Emerging Markets Investment Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Templeton Emerging Markets Investment Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1NK Past Performance

  How has Templeton Emerging Markets Investment Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Templeton Emerging Markets Investment Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Templeton Emerging Markets Investment Trust's year on year earnings growth rate has been positive over the past 5 years.
  • Templeton Emerging Markets Investment Trust has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Templeton Emerging Markets Investment Trust has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Templeton Emerging Markets Investment Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Templeton Emerging Markets Investment Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1NK Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 216.08 185.41 19.39
2019-06-30 135.93 101.51 19.62
2019-03-31 55.78 17.61 19.85
2018-12-31 31.18 -6.63 20.68
2018-09-30 6.57 -30.88 21.51
2018-06-30 140.49 108.75 22.50
2018-03-31 274.41 248.37 23.50
2017-12-31 399.85 373.33 23.55
2017-09-30 525.29 498.29 23.60
2017-06-30 626.77 598.85 22.17
2017-03-31 728.24 699.41 20.74
2016-12-31 696.11 669.71 19.16
2016-09-30 663.99 640.01 17.59
2016-06-30 160.35 138.43 17.56
2016-03-31 -343.29 -363.14 17.54
2015-12-31 -427.54 -451.40 19.02
2015-09-30 -511.78 -539.66 20.50
2015-06-30 -150.43 -180.07 21.09
2015-03-31 210.93 179.52 21.68
2014-12-31 190.77 160.50 20.97
2014-09-30 170.62 141.47 20.25
2014-06-30 -70.84 -101.17 20.06
2014-03-31 -312.30 -343.82 19.87
2013-12-31 -141.60 -173.67 20.64
2013-09-30 29.10 -3.52 21.40
2013-06-30 147.42 115.30 21.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Templeton Emerging Markets Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Templeton Emerging Markets Investment Trust used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Templeton Emerging Markets Investment Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Templeton Emerging Markets Investment Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Templeton Emerging Markets Investment Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1NK Health

 How is Templeton Emerging Markets Investment Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Templeton Emerging Markets Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Templeton Emerging Markets Investment Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Templeton Emerging Markets Investment Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Templeton Emerging Markets Investment Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Templeton Emerging Markets Investment Trust Company Filings, last reported 6 months ago.

DB:1NK Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,170.94 117.13 100.29
2019-06-30 2,170.94 117.13 100.29
2019-03-31 2,118.18 124.84 73.21
2018-12-31 2,118.18 124.84 73.21
2018-09-30 2,118.97 124.77 41.21
2018-06-30 2,118.97 124.77 41.21
2018-03-31 2,300.81 144.69 67.84
2017-12-31 2,300.81 144.69 67.84
2017-09-30 2,333.69 123.80 99.17
2017-06-30 2,333.69 123.80 99.17
2017-03-31 2,148.10 83.73 65.27
2016-12-31 2,148.10 83.73 65.27
2016-09-30 1,926.77 0.00 61.25
2016-06-30 1,926.77 0.00 61.25
2016-03-31 1,562.27 0.00 77.36
2015-12-31 1,562.27 0.00 77.36
2015-09-30 1,403.11 0.00 89.00
2015-06-30 1,403.11 0.00 89.00
2015-03-31 2,045.03 0.00 112.01
2014-12-31 2,045.03 0.00 112.01
2014-09-30 2,035.19 0.00 127.92
2014-06-30 2,035.19 0.00 127.92
2014-03-31 1,913.57 0.00 56.28
2013-12-31 1,913.57 0.00 56.28
2013-09-30 1,940.54 0.00 24.43
2013-06-30 1,940.54 0.00 24.43
  • Templeton Emerging Markets Investment Trust's level of debt (5.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Templeton Emerging Markets Investment Trust's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (34.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 63.9x coverage).
X
Financial health checks
We assess Templeton Emerging Markets Investment Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Templeton Emerging Markets Investment Trust has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1NK Dividends

 What is Templeton Emerging Markets Investment Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.47%
Current annual income from Templeton Emerging Markets Investment Trust dividends.
If you bought €2,000 of Templeton Emerging Markets Investment Trust shares you are expected to receive €49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Templeton Emerging Markets Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Templeton Emerging Markets Investment Trust's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1NK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1NK Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-05 0.160 2.051
2018-11-26 0.100 1.356
2018-06-05 0.150 2.154
2017-06-15 0.083 1.096
2017-06-07 0.083 1.196
2016-06-08 0.083 1.387
2015-06-12 0.083 1.914
2014-06-13 0.073 1.273
2013-06-04 0.063 1.152
2012-07-11 0.058 0.976
2012-06-20 0.058 1.078
2011-06-15 0.043 0.740
2010-06-16 0.038 0.609
2009-06-29 0.038 0.777
2009-06-12 0.038 1.030

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Templeton Emerging Markets Investment Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Templeton Emerging Markets Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Templeton Emerging Markets Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Templeton Emerging Markets Investment Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1NK Management

 What is the CEO of Templeton Emerging Markets Investment Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Templeton Emerging Markets Investment Trust has no CEO, or we have no data on them.
Management Team

Allan Lam

TITLE
Portfolio Manager

Chetan Sehgal

TITLE
Lead Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Templeton Emerging Markets Investment Trust board of directors in years:

12.3
Average Tenure
67
Average Age
  • The average tenure for the Templeton Emerging Markets Investment Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peter Smith

TITLE
Chairman
COMPENSATION
£60K
AGE
72
TENURE
12.3 yrs

Peter Harrison

TITLE
Non-Executive Director
COMPENSATION
£47K
AGE
67
TENURE
12.4 yrs

Neil Collins

TITLE
Independent Director
COMPENSATION
£35K
AGE
72
TENURE
13.6 yrs

Greg Johnson

TITLE
Non Executive Director
AGE
58
TENURE
12.3 yrs

Christopher Brady

TITLE
Non Executive Director
COMPENSATION
£35K
AGE
64
TENURE
12.3 yrs

Hamish Buchan

TITLE
Non-Executive Director
COMPENSATION
£35K
AGE
74
TENURE
11.8 yrs

Bea Hollond

TITLE
Non-Executive Director
AGE
58
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Templeton Emerging Markets Investment Trust individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 20 Buy David Graham Individual 18. Mar 20 18. Mar 20 4,500 €6.30 €28,363
X
Management checks
We assess Templeton Emerging Markets Investment Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Templeton Emerging Markets Investment Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1NK News

Simply Wall St News

1NK Company Info

Description

Templeton Emerging Markets Investment Trust plc is a closed-ended equity mutual fund launched and managed by Franklin Templeton International Services S.a.r l. The fund is co-managed by Franklin Templeton Investment Management Limited and Templeton Asset Management Ltd. It invests in the public equity markets of developing countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across diversified market capitalizations. The fund employs fundamental analysis with a bottom-up stock picking approach focusing on factors like projected future earnings, cash flow or asset value potential as well as management capability and governance to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Emerging Markets Index. Templeton Emerging Markets Investment Trust plc was formed on June 12, 1989 and is domiciled in the United Kingdom.

Details
Name: Templeton Emerging Markets Investment Trust plc
1NK
Exchange: DB
Founded: 1989
£1,780,374,997
242,464,139
Website: http://www.franklintempleton.co.uk/en_GB/investor/funds/investment-trust-temit
Address: Templeton Emerging Markets Investment Trust plc
8A, rue Albert Borschette,
Luxembourg,
1246,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TEM Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
DB 1NK Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
NZSE TEM Ordinary Shares New Zealand Stock Exchange NZ NZD 02. Jan 1992
BATS-CHIXE TEML Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Templeton Emerging Markets Investment Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 02:12
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2019/11/25
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.